Legacy Senior Services

Analysis

Legacy Senior Services is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legacy Senior Services reported income of $16.3m and spending of $16.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $22.3m to $16.3m (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Legacy Senior Services sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Masonic and Eastern Star Home ($16.3m), Horizon Services Inc ($16.3m) and Towner County Medical Center Inc ($16.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $31k (0.2% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $10.4m against liabilities of $8.3m, net assets of $2.1m. It reported 390 employees.